This chapter discusses the Federal Reserve's potential interest rate cuts in response to a recent market selloff. The conversation highlights the implications of a tight labor market, weak economic data, and the risk of recession if the Fed fails to act promptly.
Global stock markets tumbled as concerns about a US economic slowdown intensified. Traders ramped up bets that the Federal Reserve will step in with an emergency interest rate cut. For instant reaction to this selloff, and how Fed officials will respond, Bloomberg's Nathan Hager speaks with Veronica Clark, US Economist at Citigroup.
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